Slide 1: Q3 2024 Results
Q3 2024 Results Harold Goddijn – CEO Taco Titulaer – CFO 11 October 2024
Slide 2: Recent wins
Route optimization, scheduling, and Geomarketing dispatch, across various sectors services Recent wins Automotive intelligence products, such Full-stack navigation with custom truck as market sizing and loyalty analytics routing for vehicles worldwide 2 © 2024 TomTom
Slide 3: Continued innovation
Continued innovation 3 © 2024 TomTom
Slide 4: Financial highlights for the quarter
Financial highlights for the quarter • Group revenue of €141m (€144m in Q3 ’23) • Location Technology revenue of €120m (€119m in Q3 ’23) • Automotive operational revenue of €69m (€85m in Q3 ’23) • Free cash flow1 was an inflow of €15m (inflow of €13m in Q3 ’23) • Net cash of €270m (€258m at the end
Slide 5: Outlook
Outlook Outlook Actual in € million 2024 2023 Group 570 – 610 585 revenue Location Technology revenue 490 – 520 491 FCF1 as % of 1% – 5% 5% Group revenue We expect Location Technology revenue to land around the lower boundary of our guidance. 1 Free cash flow in 2023 excludes restructuring charges r
Slide 6: Thank you. Any questions?
Thank you Any questions? 6 © 2024 TomTom
Slide 7: Revenue breakdown
Revenue breakdown By segment By type YTD ’24 YTD ’23 YTD ’24 YTD ’23 15% 17% 10% 12% €432m €441m €432m €441m 85% 83% 90% 88% Location Technology Software & content Consumer Hardware 7 © 2024 TomTom
Slide 8: Balance sheet
Balance sheet (€ in thousands) 30-Jun-23 30-Sep-23 31-Dec-23 31-Mar-24 30-Jun-24 30-Sep-24 Goodwill 192,294 192,294 192,294 192,294 192,294 192,294 Intangible assets 30,427 25,170 20,275 15,828 11,392 7,027 Other contract related assets 34,632 33,478 35,019 36,811 27,742 29,738 Lease assets, PP&E an
Slide 9: P&L
P&L (€ in thousands) Q2 '23 Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 YTD '24 YTD '23 Automotive 90,898 82,476 87,806 83,257 87,337 78,057 248,651 254,494 Enterprise 37,296 36,760 37,403 35,345 41,402 41,716 118,463 110,961 Location Technology 128,194 119,236 125,209 118,602 128,739 119,773 367,114 365,455
Slide 10: Cash flow
Cash flow (€ in thousands) Q2 '23 Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 YTD '24 YTD '23 Operating result -3,557 -8,738 -10,360 -4,914 -5,198 -4,109 -14,221 -9,648 Foreign exchange adjustments -1,027 1,118 -1,343 883 568 -854 597 129 Depreciation and amortization 11,180 9,837 10,091 8,905 8,870 8,855 26
Slide 11: Outstanding shares
Outstanding shares 1 This includes the cancellation of 5.6% of issued capital (7.4 million shares) on August 8, 2024. 2 Shares held in treasury of 2,118,352 are taken into account when calculating the weighted average shares outstanding. 3 The average share price for the year was €5.97. The average
Slide 12: Important notice
Important notice Disclaimer This document contains certain forward-looking statements with respect to the financial position and results of TomTom’s activities. We have based these forward-looking statements on our current expectations and projections about future events, including numerous assumpti
Slide 13: TomTom NV
TomTom NV De Ruijterkade 154 1011 AC Amsterdam The Netherlands 13 © 2024 TomTom